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GDPR comes into effect on May 25th 2018. It is the most significant piece of European data protection legislation in 20 years and is the first ever piece of European wide Data Privacy legislation. GDPR is clear, concise and carries significant penalties for non-compliance. It replaces the existing 1995 Data Protection laws and affects any company that holds or processes personally identifiable data of European citizens no matter where their company is domiciled in the world. GDPR was designed to protect the personal information of individuals that reside in the EU. It applies to EU-based organizations as well as organizations outside the EU that offer goods or services to, or monitor the behavior of individuals in the Union.